7IM sees AUM jump 9% in 2019 as profits and revenues rise

Refreshed strategy and senior hires

7IM Group saw its assets under management (AUM) climb 9.2% to £14.6bn in its full year to 31 December 2019, with increases in revenue and profits.

In an update on Tuesday (25 August), the firm said it had been buoyed by "the development and implementation of a refreshed company strategy and culture, as well as several senior appointments". Its AUM rose to close in on the £15bn mark, up from £13.3bn at the 2018 year-end, while group profits before tax soared 15% to £9.3m on group revenue of £70.9m, up 5.2%. 7IM CEO Proctor: Why we will come out of this pandemic stronger than we were before The results account for the period before Covid-19 hit, with no update on the current year's trading. CEO Dean Proctor said 2019 was "a ...